May. 28 at 1:23 PM
$BORR showing some bruises here. Last week’s bearish Fred Tam reversal is still weighing heavy as sellers keep pressure near the weekly lows. Price just lost the 200 EMA—momentum is slipping and short-term trader sentiment is defensive.
That said, it’s still inside a high-base sideways consolidation. Could just be a pause if support holds. Watch the 50 EMA for a potential bullish pivot low setup with defined risk/reward. If bulls reclaim and break above the high base, the broader uptrend could kick back in. For now, patience is the game—MACD sliding, RSI divergence warning upside juice is fading.
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